How is NNP at factor cost derived from GNP at market prices? 

Junemuse

3 years ago

My school, the correct answer is *a* not *d*.
Please correct it, thank you.

dande_lily

7 months ago

the correct formula is NNP = GNP – indirect tax – depreciation + subsidies. I googled it. so it should have been (B) look closely and you will notice the omission with the negative sign

Lovelyato

3 years ago

A. GBP - Depreciation+indirect taxes + subsidies